Velocity Outlet

This Cambridge firm designs and makes consumer electronics including speaker systems and digital radios. Its co-founders PJ Scott, 34, and Eddie Latham, 33, started out by selling laptop bags from a garage before moving into electrical goods. Last year it launched a digital radio brand, Majority Radios, and says it is now the second largest in the UK by volume sold. Total sales reached £13.3m last year and future plans include targeting the US dashcam market.

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Company details
Year2018
Rank11
CompanyVelocity Outlet
ActivityOnline electronics retailer
LocationCambridge
Annual sales rise over 3 years134.32%
Latest sales £000s*13,269
Staff22
Founded2013
Websitewww.velocityoutlet.co.uk

If applicable:

* supplied by company † annualised figure